Brookfield Infrastructure (BIP) has released an update.
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Brookfield Infrastructure’s indirect subsidiary, BIP Investment Corporation, announced its plan to redeem all Series 1 Preferred Shares for C$26.75 each on December 5, 2024, following approval from shareholders. The decision was supported by 80.3% of the votes at a special meeting. Shareholders will also receive a final quarterly dividend of $0.4671875 per share on the redemption date.
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